Eaton Vance Correlations

Mutual Funds USA . 
Fund . Eaton Vance Multi Strategy
ECAMX Fund  USD 9.88  0.01  0.10%   
The current 90-days correlation between Eaton Vance Multi and Nasdaq 100 Index Fund is 0.12 (i.e., Average diversification). The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Eaton Vance Correlation With Market

Very weak diversification

The correlation between Eaton Vance Multi Strategy and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Multi Strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Eaton Mutual Fund

  0.94EMAIX Eaton Vance MsschstsPairCorr
  0.61EMOCX Eaton Vance MunicipalPairCorr
  0.66EMOAX Eaton Vance MunicipalPairCorr
  0.68EMOIX Eaton Vance MunicipalPairCorr
  0.87ERASX Eaton Vance AtlantaPairCorr
  0.99ERAMX Eaton Vance MultiPairCorr
  0.98ERBIX Eaton Vance RichardPairCorr
  0.98ERBCX Eaton Vance RichardPairCorr
  0.98ERBAX Eaton Vance RichardPairCorr
  0.98EREMX Eaton Vance ParametricPairCorr
  0.99ERHIX Eaton Vance HighPairCorr
  0.66ERGOX Eaton Vance GovernmentPairCorr
  0.98ERGMX Eaton Vance GlobalPairCorr
  0.98ERIFX Eaton Vance BalancedPairCorr
  0.99ERIBX Eaton Vance IncomePairCorr
  0.97ERISX Parametric Intl EquityPairCorr
  0.94ERLGX Eaton Vance AtlantaPairCorr
  0.97ERLVX Eaton Vance LargePairCorr
  0.99EAAMX Eaton Vance MultiPairCorr
  0.93EAALX Eaton Vance AtlantaPairCorr
  0.97ERSTX Eaton Vance LargePairCorr
  0.87ERSMX Eaton Vance AtlantaPairCorr
  0.94ERSIX Eaton Vance ShortPairCorr
  0.89ERSGX Eaton Vance SmallPairCorr
  0.99EABLX Eaton Vance FloatingPairCorr
  0.87EAASX Eaton Vance AtlantaPairCorr
  0.95EACPX Eaton Vance TaxPairCorr
  0.97EACOX Eaton Vance GlobalPairCorr
  0.97EABSX Eaton Vance TabsPairCorr
  0.98EADOX Eaton Vance EmergingPairCorr
  0.98EADIX Eaton Vance TaxPairCorr
  0.98EAERX Eaton Vance StockPairCorr
  0.98EAEMX Parametric EmergingPairCorr
  0.97EAEAX Eaton Vance TaxPairCorr
  0.96EAFVX Eaton Vance ValPairCorr
  0.99EAFHX Eaton Vance FloatingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eaton Mutual Fund performing well and Eaton Vance Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eaton Vance's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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